Stocks making the biggest moves premarket: J&J, Moderna, Netflix, Boeing, IBM, Xerox & more

Check out the companies making headlines before the bell:Johnson & Johnson (JNJ) – Johnson & Johnson reported quarterly profit of $1.88 per share, 1 cent a share above estimates. Fifth Third (FITB) – The bank reported quarterly profit of 96 cents per share, well above the consensus estimate of 72 cents a share. Netflix (NFLX) – Netflix added 8.76 million paying global subscribers during the fourth quarter, more than the 7.6 million that analysts had expected. IBM (IBM) – IBM reported quarterly p


Check out the companies making headlines before the bell:Johnson & Johnson (JNJ) – Johnson & Johnson reported quarterly profit of $1.88 per share, 1 cent a share above estimates.
Fifth Third (FITB) – The bank reported quarterly profit of 96 cents per share, well above the consensus estimate of 72 cents a share.
Netflix (NFLX) – Netflix added 8.76 million paying global subscribers during the fourth quarter, more than the 7.6 million that analysts had expected.
IBM (IBM) – IBM reported quarterly p
Stocks making the biggest moves premarket: J&J, Moderna, Netflix, Boeing, IBM, Xerox & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: peter schacknow
Keywords: news, cnbc, companies, johnson, making, ibm, moves, netflix, xerox, cents, premarket, quarterly, stocks, estimates, share, revenue, moderna, profit, boeing, reported, million


Stocks making the biggest moves premarket: J&J, Moderna, Netflix, Boeing, IBM, Xerox & more

Check out the companies making headlines before the bell:

Johnson & Johnson (JNJ) – Johnson & Johnson reported quarterly profit of $1.88 per share, 1 cent a share above estimates. Revenue was slightly below forecasts. J&J’s bottom line was helped by strength in medical devices and improved profitability in its consumer business.

Moderna (MRNA) – The drugmaker said it is working with health officials on a potential vaccine to address the current coronavirus threat. The virus has caused nine deaths, and the Centers for Disease Control and Prevention has confirmed the first U.S. case.

Fifth Third (FITB) – The bank reported quarterly profit of 96 cents per share, well above the consensus estimate of 72 cents a share. Revenue also came in above estimates. Strong fee revenue was among factors boosting Fifth Third’s results.

Netflix (NFLX) – Netflix added 8.76 million paying global subscribers during the fourth quarter, more than the 7.6 million that analysts had expected. The video streaming service did note increased competition in the United States, however, and that it will become more intense globally after Walt Disney’s (DIS) Disney+ service launches across Europe in March.

Boeing (BA) – Boeing remains on watch after falling 3.3% Wednesday. The jet maker’s stock fell after it said that it now estimates a mid-2020 return for its grounded 737 Max jet.

IBM (IBM) – IBM reported quarterly profit of $4.71 per share, 2 cents a share above estimates. Revenue also came in better than Street forecasts and broke a five-quarter streak of year-over-year declines. IBM also gave better-than-expected full-year 2020 earnings guidance.

United Airlines (UAL) – UAL beat estimates by 2 cents a share, with quarterly profit of $2.67 per share. The airline’s revenue was very slightly above expectations. United’s performance came despite numerous flight cancellations resulting from the grounding of Boeing’s 737 Max jet.

Toyota (TM) – Toyota said it would recall 3.4 million vehicles globally due to an electronic defect that could prevent airbags from deploying in a crash.

Xerox (XRX) – Xerox plans to nominate up to 11 directors to the board of computer and printer maker HP Inc. (HPQ), according to The Wall Street Journal, as it tries to move its unsolicited $33 billion takeover bid for HP forward.

Tesla (TSLA) – Tesla crossed the $100 billion market cap threshold in off-hours trading. A number of stock option bonuses for CEO Elon Musk will trigger if the market cap stays at $100 billion or more for an average of one month and six months.

Intel (INTC) – Intel named Medtronic (MDT) CEO Omar Ishrak as its new independent chairman effective immediately, after Andy Bryant stepped down from that role at the chipmaker earlier this month.

Apple (AAPL) – A new low-cost Apple iPhone will go into mass production in February, according to people familiar with the plan who spoke to Bloomberg.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: peter schacknow
Keywords: news, cnbc, companies, johnson, making, ibm, moves, netflix, xerox, cents, premarket, quarterly, stocks, estimates, share, revenue, moderna, profit, boeing, reported, million


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Mark Cuban says he’s still ‘very bullish’ on Netflix and hasn’t sold a share

“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss. “I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.” “They always offer weak guidance and it’s always been the discussion the day after earnings. When you go to the gym, every smart workout device has Netflix as an option,” Cuban said. Disclosure: CNBC owns the exclusive off-network cable rights


“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss.
“I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.”
“They always offer weak guidance and it’s always been the discussion the day after earnings.
When you go to the gym, every smart workout device has Netflix as an option,” Cuban said.
Disclosure: CNBC owns the exclusive off-network cable rights
Mark Cuban says he’s still ‘very bullish’ on Netflix and hasn’t sold a share Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: yun li
Keywords: news, cnbc, companies, bullish, share, tank, weak, guidance, hes, cuban, mark, sold, subscriber, shark, cash, smart, netflix, ubiquitous


Mark Cuban says he's still 'very bullish' on Netflix and hasn't sold a share

“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss.

“I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.” “They always offer weak guidance and it’s always been the discussion the day after earnings. … All the trends are going in their favor, more so than their competitors.”

Netflix reported fourth-quarter results on Tuesday after the bell. The company beat on the top and bottom line, but gave disappointing guidance and posted a miss on domestic subscriber growth. Shares of Netflix were down 3.6% Wednesday.

Cuban remains positive that Netflix will accelerate its growth globally as it continues to penetrate markets overseas.

“Every single new smart TV that has come out has Netflix as an option. When you go to the gym, every smart workout device has Netflix as an option,” Cuban said. “It’s ubiquitous not just here, but it’s becoming more ubiquitous globally as well … I don’t see the competition negatively impacting that at all.”

The company posted negative free cash flow of $1.7 billion for the fourth quarter. It reiterated that its cash burn peaked in 2019 and said it’s now moving slowly toward being free cash flow positive in the future.

“Streaming media, entertainment and content is a global story now,” Cuban said.

Shares of Netflix gained 20% in 2019, trailing the broad market. However, the streaming giant has had an epic run over the past 10 years, delivering a more than 4,000% return as the best performer of the last decade.

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank,” which features Mark Cuban as a panelist.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: yun li
Keywords: news, cnbc, companies, bullish, share, tank, weak, guidance, hes, cuban, mark, sold, subscriber, shark, cash, smart, netflix, ubiquitous


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Earnings, ECB decision, job market check: 3 things to watch for in the markets on Thursday

Technology company Intel reports earnings after the bell on Thursday. Analysts polled by FactSet are expecting Intel to report earnings per share of $1.25, compared with the $1.28 per share earned in the fourth quarter the year prior. Sales are expected to come in at $19.23 billion, topping last year’s $18.657 billion in sales in the fourth quarter. Analysts are estimating earnings of $1.37 per share, topping last year’s second quarter of $1.25 per share, according to FactSet. Airlines American


Technology company Intel reports earnings after the bell on Thursday.
Analysts polled by FactSet are expecting Intel to report earnings per share of $1.25, compared with the $1.28 per share earned in the fourth quarter the year prior.
Sales are expected to come in at $19.23 billion, topping last year’s $18.657 billion in sales in the fourth quarter.
Analysts are estimating earnings of $1.37 per share, topping last year’s second quarter of $1.25 per share, according to FactSet.
Airlines American
Earnings, ECB decision, job market check: 3 things to watch for in the markets on Thursday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, ecb, decision, watch, share, job, market, things, sales, report, markets, check, intel, bell, topping, shares, quarter, earnings, billion


Earnings, ECB decision, job market check: 3 things to watch for in the markets on Thursday

Here are the most important things to know about Thursday before you hit the door.

Technology company Intel reports earnings after the bell on Thursday. Bank of America said it will be watching for how Intel is working to combat market share loss, especially to AMD.

Analysts polled by FactSet are expecting Intel to report earnings per share of $1.25, compared with the $1.28 per share earned in the fourth quarter the year prior. Sales are expected to come in at $19.23 billion, topping last year’s $18.657 billion in sales in the fourth quarter. Shares of Intel are up nearly 30% in the past 12 months.

We’ll also get earnings from consumer goods company Procter & Gamble before the bell on Thursday. Analysts are estimating earnings of $1.37 per share, topping last year’s second quarter of $1.25 per share, according to FactSet. Sales are forecast to come in at $18.417 billion, compared to the $17.438 billion earned in the same quarter last year. Shares of Procter & Gamble have rallied nearly 40% in the past 12 months.

Airlines American and Southwest will also report quarterly earnings before the bell on Thursday. Airline stocks have been hit this week due to concerns that the coronavirus outbreak in China would dent international travel.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, ecb, decision, watch, share, job, market, things, sales, report, markets, check, intel, bell, topping, shares, quarter, earnings, billion


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves after hours: Texas Instruments, Raymond James, Sallie Mae and more

The semiconductor company did beat estimates, reporting earnings of $1.11 per share on revenue of $3.35 billion, while analysts expected earnings of $1.02 per share on revenue of $3.22 billion, according to Refinitiv. Raymond James — Shares of Raymond James fell more than 3% after-hours following an earnings report that showed net revenue declining slightly compared with the previous quarter. Sallie Mae – Sallie Mae stock surged more than 19% in extended trading on Wednesday after it announced a


The semiconductor company did beat estimates, reporting earnings of $1.11 per share on revenue of $3.35 billion, while analysts expected earnings of $1.02 per share on revenue of $3.22 billion, according to Refinitiv.
Raymond James — Shares of Raymond James fell more than 3% after-hours following an earnings report that showed net revenue declining slightly compared with the previous quarter.
Sallie Mae – Sallie Mae stock surged more than 19% in extended trading on Wednesday after it announced a
Stocks making the biggest moves after hours: Texas Instruments, Raymond James, Sallie Mae and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: jesse pound sunny kim, jesse pound, sunny kim
Keywords: news, cnbc, companies, stock, texas, sallie, company, share, revenue, instruments, mae, expected, raymond, making, shares, hours, quarter, moves, stocks, earnings, james, extended, million


Stocks making the biggest moves after hours: Texas Instruments, Raymond James, Sallie Mae and more

Take a look at the companies making headlines after the bell.

Texas Instruments – Texas Instruments’ stock fell 1% in extended trading on Wednesday after the company said its revenues declined in the fourth quarter and may do so against in the current three-month period. The semiconductor company did beat estimates, reporting earnings of $1.11 per share on revenue of $3.35 billion, while analysts expected earnings of $1.02 per share on revenue of $3.22 billion, according to Refinitiv. However, revenue decreased 10% from the same quarter a year ago, and the midpoint of its first-quarter guidance is about 9% below the first quarter of 2019.

Citrix Systems — Shares of Citrix Systems rose more than 4% in extended trading after the company beat expectations for the fourth quarter on the back of strong subscription revenue growth and announced it was expanding its stock buyback program. The tech company reported revenue for the quarter of $810 million and $1.71 in adjusted earnings per share, above the $802 million in revenue and $1.68 EPS expected by Wall Street analysts, according to Refinitiv. The company said its board approved a $1 billion increase in its stock buyback authorization, which is now at $1.75 billion.

Raymond James — Shares of Raymond James fell more than 3% after-hours following an earnings report that showed net revenue declining slightly compared with the previous quarter. The bank reported $2.01 billion in revenue for the fourth quarter, up 8% year-over-year but 1% lower than the third quarter. Raymond James’ interest income and investment bank income fell compared with both prior time periods.

Sallie Mae – Sallie Mae stock surged more than 19% in extended trading on Wednesday after it announced a new stock buyback program in its fourth-quarter earnings release. The financial company, which has a market cap of around $3.7 billion, said it planned to buy back $600 million worth of stock over the next year. The company also said its net interest income and average private education loans outstanding were both up for the quarter compared with the same period in 2018.

PTC – Shares of the computer software company jumped nearly 8% after it released fourth-quarter results that beat expectations for revenue. PTC reported earnings of 57 cents per share on revenue of $356 million, while analysts expected earnings of 44 cents per share on revenue of $342 million, according to Refinitiv. The company said it saw strong growth in Europe and Asia during the quarter.

Paycom Software – Shares of the human resource software company jumped more than 4% in extended trade after the announcement that the company will replace WellCare Health in the S&P 500 on Jan. 28. WellCare is being acquired by Centene and that deal is expected to be completed soon, the S&P Dow Jones Indices said in a release announcing the change.

HB Fuller – Shares of the specialty chemical product company fell about 2% in extended trade after the company missed analyst expectations for fourth-quarter earnings. HB Fuller posted earnings of 88 cents per share, excluding some items, on revenues of $739 million in the fourth quarter. Analysts expected EPS of 92 cents on revenue of $744 million, according to Refinitiv.

CNBC’s Chris Eudaily contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: jesse pound sunny kim, jesse pound, sunny kim
Keywords: news, cnbc, companies, stock, texas, sallie, company, share, revenue, instruments, mae, expected, raymond, making, shares, hours, quarter, moves, stocks, earnings, james, extended, million


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Johnson & Johnson beats Wall Street expectations on profit, misses on revenue

Johnson & Johnson’s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday. J&J’s pharmaceutical business posted revenue of $10.54 billion, a 3.5% increase year over year. The company’s consumer unit, which makes beauty products such as Neutrogena, increased 0.9% to $3.5 billion. J&J’s medical device unit reported revenue of $6.63 billion, down half a percent from last year. The company sees 2020 earnings between $8.95 per share an


Johnson & Johnson’s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday.
J&J’s pharmaceutical business posted revenue of $10.54 billion, a 3.5% increase year over year.
The company’s consumer unit, which makes beauty products such as Neutrogena, increased 0.9% to $3.5 billion.
J&J’s medical device unit reported revenue of $6.63 billion, down half a percent from last year.
The company sees 2020 earnings between $8.95 per share an
Johnson & Johnson beats Wall Street expectations on profit, misses on revenue Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, company, versus, profit, share, consumer, earnings, street, wall, beats, revenue, billion, business, unit, johnson, misses, expectations


Johnson & Johnson beats Wall Street expectations on profit, misses on revenue

Johnson & Johnson’s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday.

Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv:

Adjusted earnings per share: $1.88 versus $1.87 expected

$1.88 versus $1.87 expected Revenue: $20.74 billion versus $20.8 billion expected

J&J’s stock gained 1% before the earnings report but was essentially flat in pre-market trading after the announcement.

“We delivered strong underlying sales and earnings growth in 2019, driven by the strength of our Pharmaceutical business, accelerating performance in our Medical Devices business and improved profitability in our Consumer business,” J&J Chairman and CEO Alex Gorsky said in a release.

J&J’s pharmaceutical business posted revenue of $10.54 billion, a 3.5% increase year over year. The company’s consumer unit, which makes beauty products such as Neutrogena, increased 0.9% to $3.5 billion. J&J’s medical device unit reported revenue of $6.63 billion, down half a percent from last year.

Litigation expenses were $264 million in the quarter, compared to $1.29 billion a year ago.

The company sees 2020 earnings between $8.95 per share and $9.10 a share.

J&J, the maker of popular consumer product brands like Tylenol and Aveeno, is facing numerous lawsuits ranging from claims that its talc-based baby powder causes cancer to allegations that it helped fuel that nationwide opioid epidemic.

This is a developing story. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, company, versus, profit, share, consumer, earnings, street, wall, beats, revenue, billion, business, unit, johnson, misses, expectations


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UK government increases funding for electric charge points to $13 million

The U.K. government is set to double the funding for the installation of electric vehicle charge points on residential streets to £10 million ($13.06 million). At the moment, there are over 24,000 publicly available charge points, the government said, with more than 2,400 of these classed as “rapid” charge points. They will examine how real-time information – if charge points are working or in use, for example – could be published. Hybrid electric vehicle registrations increased by 17.1% to 97,8


The U.K. government is set to double the funding for the installation of electric vehicle charge points on residential streets to £10 million ($13.06 million).
At the moment, there are over 24,000 publicly available charge points, the government said, with more than 2,400 of these classed as “rapid” charge points.
They will examine how real-time information – if charge points are working or in use, for example – could be published.
Hybrid electric vehicle registrations increased by 17.1% to 97,8
UK government increases funding for electric charge points to $13 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: anmar frangoul
Keywords: news, cnbc, companies, million, charge, according, points, electric, vehicle, cars, vehicles, share, increases, registrations, funding


UK government increases funding for electric charge points to $13 million

The U.K. government is set to double the funding for the installation of electric vehicle charge points on residential streets to £10 million ($13.06 million).

In an announcement Tuesday, the government said the money – which will be for installations next year – could fund up to 3,600 charging points.

“We want to make electric cars the new normal, and ensuring drivers have convenient places to charge is key to that,” said Transport Secretary Grant Shapps in a statement.

At the moment, there are over 24,000 publicly available charge points, the government said, with more than 2,400 of these classed as “rapid” charge points.

Authorities also said they were looking at ways of providing information on public charge points, such as power ratings and locations, “openly available in a standard format.”

They will examine how real-time information – if charge points are working or in use, for example – could be published. This data could in turn be used in tools such as route-mapping apps and sat navs.

New car registrations in the U.K. fell by 2.4% in 2019, according to recent figures from the Society of Motor Manufacturers and Traders (SMMT), with demand for new cars at a six-year low, according to the organization’s chief executive.

While the outlook is challenging, battery electric vehicle registrations grew to 37,850 in 2019, an increase of 144% compared to 2018, when 15,510 were registered, according to the SMMT. Hybrid electric vehicle registrations increased by 17.1% to 97,850 units.

Though these figures looked encouraging to advocates of these low emission vehicles, their prevalence in the U.K. is still small compared to petrol and diesel cars. Electric vehicles face challenges, not least when it comes to perceptions surrounding range and charging infrastructure.

The market share for battery electric vehicles in 2019 was just 1.6%, while hybrid electric vehicles had a 4.2% share. At the other end of the spectrum, petrol had a market share of 64.8%, while diesel was 25.2%.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: anmar frangoul
Keywords: news, cnbc, companies, million, charge, according, points, electric, vehicle, cars, vehicles, share, increases, registrations, funding


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves premarket: Halliburton, Best Buy, Uber, Tesla & more

Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City. Best Buy (BBY) – Best Buy is investigating allegations that CEO Corie Barry had an inappropriate romantic relationship with a fellow executive. Uber (UBER) – Uber sold its Eats business in India to Ant-Financial backed Zomato, in exchange for a 9.99% stake in its local rival. Logitech (LOGI) – Logitech reported quarterly profit of 84 cents per share, 5 cents a share abo


Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City.
Best Buy (BBY) – Best Buy is investigating allegations that CEO Corie Barry had an inappropriate romantic relationship with a fellow executive.
Uber (UBER) – Uber sold its Eats business in India to Ant-Financial backed Zomato, in exchange for a 9.99% stake in its local rival.
Logitech (LOGI) – Logitech reported quarterly profit of 84 cents per share, 5 cents a share abo
Stocks making the biggest moves premarket: Halliburton, Best Buy, Uber, Tesla & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: peter schacknow
Keywords: news, cnbc, companies, tesla, premarket, biggest, making, uber, share, stock, street, moves, york, work, cents, best, stocks, wall, brands, halliburton, buy


Stocks making the biggest moves premarket: Halliburton, Best Buy, Uber, Tesla & more

Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City.

Check out the companies making headlines before the bell:

Halliburton (HAL) – The oilfield services company reported quarterly profit of 32 cents per share, 3 cents a share above estimates. Revenue also beat Wall Street forecasts. Halliburton said its bottom line received a boost from international growth and that it was able to optimize its performance in a soft North American market.

VF Corp. (VFC) – VF Corp. is exploring strategic alternatives for its Work unit brands, which focus on outfitting industrial, service, and government sector workers. VF said the goal is to focus on a simplified portfolio of higher growth, consumer-oriented brands.

Best Buy (BBY) – Best Buy is investigating allegations that CEO Corie Barry had an inappropriate romantic relationship with a fellow executive. Barry said she is cooperating fully with the electronics retailer’s board and that she looks forward to a quick resolution.

Uber (UBER) – Uber sold its Eats business in India to Ant-Financial backed Zomato, in exchange for a 9.99% stake in its local rival. Uber Eats has struggled in India since launching in that market in 2017.

Logitech (LOGI) – Logitech reported quarterly profit of 84 cents per share, 5 cents a share above estimates. The maker of computer peripherals also seeing its revenue come in above Wall Street forecasts. Results were helped by growing demand for gaming and video conferencing products.

Tesla (TSLA) – Tesla rebuffed a petition to U.S. regulators calling for a recall of 500,000 cars for an alleged unintended acceleration issue. Tesla said the petition was “completely false” and was put forth by a short seller.

Boeing (BA) – Boeing is in talks to borrow $10 billion or more to deal with costs related to the 737 Max grounding, according to people familiar with the matter who spoke to CNBC. Boeing has already secured at least $6 billion and is in talks with other lenders as well, sources said.

L Brands (LB) – L Brands was upgraded to “overweight” from “sector weight” at KeyBanc, which said the Victoria’s Secret parent is increasingly likely to engage in some sort of “value-creating” transaction.

Morgan Stanley (MS) – The investment bank’s stock was downgraded to “neutral” from “buy” at Citi, which feels Morgan Stanley’s stock is now fairly valued after a 27% rise over the past three months.

Costco (COST) – Oppenheimer upgraded the warehouse retailer’s stock to “outperform” from “neutral” and called it a “top pick.” Oppenheimer points to attractive valuation, upbeat top-line trends, and prospects for a special dividend.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: peter schacknow
Keywords: news, cnbc, companies, tesla, premarket, biggest, making, uber, share, stock, street, moves, york, work, cents, best, stocks, wall, brands, halliburton, buy


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Morgan Stanley, Beyond Meat, Uber, Tesla and more

Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Morgan Stanley — Shares of the nation’s fourth-largest bank sunk 2.8% following a downgrade from Citigroup to neutral from buy. Beyond Meat — Alternative meat company Beyond Meat’s stock jumped 18.4% after Starbucks announced plans to add more plant-based items to its menu. The company reported 34 cents of adjusted earnings per share and $59.9 million of revenue


Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019.
Morgan Stanley — Shares of the nation’s fourth-largest bank sunk 2.8% following a downgrade from Citigroup to neutral from buy.
Beyond Meat — Alternative meat company Beyond Meat’s stock jumped 18.4% after Starbucks announced plans to add more plant-based items to its menu.
The company reported 34 cents of adjusted earnings per share and $59.9 million of revenue
Stocks making the biggest moves midday: Morgan Stanley, Beyond Meat, Uber, Tesla and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, stock, million, midday, meat, cents, earnings, revenue, making, uber, moves, firm, biggest, shares, tesla, share, vegas, company, stocks, stanley, morgan


Stocks making the biggest moves midday: Morgan Stanley, Beyond Meat, Uber, Tesla and more

Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019.

Check out the companies making headlines in midday trading.

Morgan Stanley — Shares of the nation’s fourth-largest bank sunk 2.8% following a downgrade from Citigroup to neutral from buy. The firm said the stock is fairly valued and there isn’t enough upside to justify a buy rating given Morgan Stanley’s recent outperformance, spurred by earnings.

Beyond Meat — Alternative meat company Beyond Meat’s stock jumped 18.4% after Starbucks announced plans to add more plant-based items to its menu. Shares of Beyond Meat also soared after McDonald’s announced it will test plant-based burgers in Canada.

Tesla — Shares of the electric automaker gained 7.2% after New Street Research raised its target on the stock to $800 and reiterated its buy rating. The firm said that demand for the vehicles is strong, and that management is executing. Tesla shares have more than doubled over the last three months.

Uber — Shares of the ride-hailing app jumped 7% after the company said it sold its Eats business in India to competitor Zomato, an Indian restaurant aggregator and food delivery start-up. The sale gives Uber a 9.99% stake in the business. Uber was also named Morgan Stanley’s top technology stock pick for 2020 on Tuesday. The firm said Uber’s stock can rally 60% this year.

Halliburton — Halliburton shares rose more then 1% but closed down 0.8% after the oilfield services company posted better-than-expected quarterly results. The company reported a profit of 32 cents per share on revenue of $5.191 billion. Analysts polled by Refinitiv expected earnings of 29 cents per share on sales of $5.103 billion. CEO Jeff Miller cited growth in Halliburton’s international business as a strong point in the quarter.

Wynn Resorts, Las Vegas Sands — Shares of Wynn Resorts and Las Vegas Sands fell 6.1% and 5.4%, respectively, amid fears that the coronavirus outbreak in China would weaken international travel. Las Vegas Sands was also downgraded to equal weight from overweight at Morgan Stanley, which said the market might be too bullish on gambling companies in Macau and that Wynn has a more attractive valuation.

Costco — Shares of Costco jumped 2.8% after Oppenheimer upgraded the retailer to outperform from perform and named Costco a top pick. The firm said Costco’s recent underperformance is a good entry point into the stock. Oppenheimer also raised its price target on Costco to $335 per share from $300 per share.

Comerica — Shares of financial services company Comerica fell 3.5% after it said its net interest income will fall by $10 million to $15 million in the first quarter of 2020, hurt by low interest rates. Despite the disappointing forecast, Comerica beat on the top and bottom lines for its fourth quarter earnings.

PetMed Express — Shares of PetMed Express dropped 6% after the company missed revenue expectations for its fiscal third quarter as sales declined slightly. The company reported 34 cents of adjusted earnings per share and $59.9 million of revenue. Analysts expected 30 cents in earnings per share and $61.3 million in revenue, according to Refinitiv. CEO Menderes Akdag said in a release that the company will focus on improving its marketing in the coming year.

Logitech — Logitech International surged 2.6% on better-than-expected quarterly results. The Swiss electronics manufacturer reported earnings of 84 cents per share on revenue of $902.7 million, while analysts polled by Refinitiv expected earnings of 79 per share on revenue of $897.2 million.

— with reporting from CNBC’s Fred Imbert, Pippa Stevens, Jesse Pound and Sunny Kim.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, stock, million, midday, meat, cents, earnings, revenue, making, uber, moves, firm, biggest, shares, tesla, share, vegas, company, stocks, stanley, morgan


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

Shares of Beyond Meat jumped 13% in morning trading Tuesday after Starbucks announced that it would add more plant-based menu options as part of its efforts to combat climate change. Beyond’s stock, which has a market value of $7.3 billion, is on pace for its best month ever, back to its May initial public offering. The stock’s recent run has burned short sellers, who have been betting on Beyond’s share price falling since it soared 163% in its public market debut. While the volatility of Beyond


Shares of Beyond Meat jumped 13% in morning trading Tuesday after Starbucks announced that it would add more plant-based menu options as part of its efforts to combat climate change.
Beyond’s stock, which has a market value of $7.3 billion, is on pace for its best month ever, back to its May initial public offering.
The stock’s recent run has burned short sellers, who have been betting on Beyond’s share price falling since it soared 163% in its public market debut.
While the volatility of Beyond
Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: amelia lucas
Keywords: news, cnbc, companies, stock, climate, meat, half, beyonds, menu, starbucks, shares, add, public, share, plans, options, climbs, plantbased


Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

Shares of Beyond Meat jumped 13% in morning trading Tuesday after Starbucks announced that it would add more plant-based menu options as part of its efforts to combat climate change.

Beyond’s stock, which has a market value of $7.3 billion, is on pace for its best month ever, back to its May initial public offering. Shares are up more than 62% so far in January, buoyed by the news of McDonald’s expanding its southwestern Canadian test of Beyond’s veggie burgers.

The stock’s recent run has burned short sellers, who have been betting on Beyond’s share price falling since it soared 163% in its public market debut. Shares hit an all-time high of $239.71 in July, then plunged after the company announced a secondary share offering.

While the volatility of Beyond’s stock has turned off some investors, consumers have been clambering for its meat alternatives as health and environmental concerns lead them to reduce their meat intake. Restaurants such as Carl’s Jr. and Dunkin’ have added Beyond products to their menus to reach those customers.

Starbucks said Tuesday that it would be adding more plant-based options to its menu as it aims to become “resource positive” in the long-term but provided no specifics or timeline for the menu additions.

The coffee chain set preliminary goals for 2030 that include cutting carbon emissions in half, conserving or replenishing half of the water taken for coffee production or operations and reducing half of its waste.

Starbucks is among a growing number of companies rolling out sustainability goals as consumers grow increasingly concerned about climate change. The announcement came as 17-year-old Swedish climate activist Greta Thunberg exhorted world leaders at Davos, Switzerland, to take action.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: amelia lucas
Keywords: news, cnbc, companies, stock, climate, meat, half, beyonds, menu, starbucks, shares, add, public, share, plans, options, climbs, plantbased


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

First FANG stock report, home sales, J&J earnings: 3 things to watch for on Wednesday

Netflix was the first of the so-called FANG stocks to report its fourth-quarter earnings. The company grew US membership by 550,000 in the fourth quarter, versus 589,000 expected, per FactSet estimates. Johnson & Johnson also reportsJohnson & Johnson is set to report quarterly results on Wednesday before the bell. Johnson & Johnson has a good track record of beating Wall Street earnings estimates. Shares of Johnson & Johnson have had a rocky year as the company dealt with the opioid and talc pow


Netflix was the first of the so-called FANG stocks to report its fourth-quarter earnings.
The company grew US membership by 550,000 in the fourth quarter, versus 589,000 expected, per FactSet estimates.
Johnson & Johnson also reportsJohnson & Johnson is set to report quarterly results on Wednesday before the bell.
Johnson & Johnson has a good track record of beating Wall Street earnings estimates.
Shares of Johnson & Johnson have had a rocky year as the company dealt with the opioid and talc pow
First FANG stock report, home sales, J&J earnings: 3 things to watch for on Wednesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: yun li
Keywords: news, cnbc, companies, things, stock, expectations, company, netflix, share, slightly, fang, earnings, sales, report, shares, johnson, versus, quarter, watch


First FANG stock report, home sales, J&J earnings: 3 things to watch for on Wednesday

Reed Hastings attends the Netflix & Mediaset Partnership Announcement, Rome, 8th October 2019. Ernesto S. Ruscio | Getty Images

Here are the most important things to know about Wednesday before you hit the door.

1. Where will Netflix trade on Wednesday?

Netflix was the first of the so-called FANG stocks to report its fourth-quarter earnings. The company’s revenue came in slightly above expectations, reporting $5.47 billion in sales versus an estimate of $5.45 billion. Netflix missed analysts’ expectations for domestic subscriber adds, however. The company grew US membership by 550,000 in the fourth quarter, versus 589,000 expected, per FactSet estimates. Shares of Netflix were volatile in after hours so traders will be eager to see where it ends up during regular trading hours Wednesday. The shares were last down about 2%, but traded higher initially following the report Tuesday evening.

2. Johnson & Johnson also reports

Johnson & Johnson is set to report quarterly results on Wednesday before the bell. The pharmaceutical and consumer packaged goods company is expected to have earned $1.87 per share in the fourth quarter, slightly down from the $1.97 a share earned in the same quarter a year ago, according to FactSet. Johnson & Johnson has a good track record of beating Wall Street earnings estimates. According to Bespoke Research Group, it has topped expectations 95% of the time during its last 73 reports. Shares of Johnson & Johnson have had a rocky year as the company dealt with the opioid and talc powder litigation. The stock gained less than 10% in 2019, lagging the S&P 500′s near 30% rally.

3. Existing home sales to rebound?


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: yun li
Keywords: news, cnbc, companies, things, stock, expectations, company, netflix, share, slightly, fang, earnings, sales, report, shares, johnson, versus, quarter, watch


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post